LateCreditBloomer

1 Contributions 676 People Helped

Member Since: May 2018

Most Helpful Contribution

Capital One® QuicksilverOne® Cash Rewards Credit Card

Feb 21, 2019
Low Credit Limit
Helpful to 676 out of 728 people

I applied for this card because CK said I had excellent approval odds (all my credit scores are currently just above 700).   I was approved instantly, but with a teensy tiny credit limit of $300. It takes $2600 a year in expenditures to get enough cash back to refund your $39 annual fee, so the joke is on me -- Capital One will definitely make money on me, because there's no way with a $300 credit limit that I will be charging $2600 annually on this card. However, I'm still grateful to Capital One for helping me rebuild my credit with my first Capital One card. I got their secured Mastercard as card number one and it has been fantastic for rebuilding my credit. So maybe this annual fee is a thank-you for that. I'm hoping to get to 750 quicker with two cards. I also really appreciate Credit Karma's help in making me more aware of my credit and especially, of what affects my score.

Activity (1 Total Contributions)

Capital One® QuicksilverOne® Cash Rewards Credit Card

Feb 21, 2019
Low Credit Limit
Helpful to 676 out of 728 people

I applied for this card because CK said I had excellent approval odds (all my credit scores are currently just above 700).   I was approved instantly, but with a teensy tiny credit limit of $300. It takes $2600 a year in expenditures to get enough cash back to refund your $39 annual fee, so the joke is on me -- Capital One will definitely make money on me, because there's no way with a $300 credit limit that I will be charging $2600 annually on this card. However, I'm still grateful to Capital One for helping me rebuild my credit with my first Capital One card. I got their secured Mastercard as card number one and it has been fantastic for rebuilding my credit. So maybe this annual fee is a thank-you for that. I'm hoping to get to 750 quicker with two cards. I also really appreciate Credit Karma's help in making me more aware of my credit and especially, of what affects my score.